Viad Corp. (VVI) Tops Q2 EPS by 34c
Viad Corp. (NYSE: VVI) reported Q2 EPS of $1.18, $0.34 better than the analyst estimate of $0.84. Revenue for the quarter came in at $317 million versus the consensus estimate of $296.36 million.
2015 Third Quarter Guidance
2015 Guidance | |||||
2014 | Low End | High End | FX Impact(2) | ||
$ in millions, except per share amounts | |||||
Revenue: | |||||
M&E | $226.7 | $175.0 | to | $185.0 | $ (5) |
T&R | 73.1 | 68.0 | to | 73.0 | (8) |
Adjusted Segment Operating Income (Loss)(1): | |||||
M&E | $ 2.4 | $ (18.5) | to | $ (16.0) | $ 0.5 |
T&R | 30.6 | 29.5 | to | 31.5 | (4.0) |
Income per Share Before Other Items(1) | $ 1.11 | $ 0.25 | to | $ 0.35 | $(0.12) |
(1) | See Table Two of this press release for discussion of these non-GAAP measures. |
(2) | FX Impact represents the expected effect of year-over-year changes in exchange rates that is incorporated in the low end and high end guidance ranges presented. |
- The decrease in M&E is expected to be driven by negative show rotation and unfavorable exchange rate variances. The 2014 acquisitions are expected to contribute approximately $9 million to $11 million in revenue and $3 million to $3.5 million in adjusted segment operating loss, reflecting a seasonally slow quarter. During the 2014 quarter, Blitz (acquired September 16, 2014) contributed revenue of $1.9 million and adjusted segment operating income of $0.5 million.
- Excluding unfavorable exchange rate variances, T&R revenue and operating income are expected to be stronger than the prior year quarter, reflecting continued organic growth.
For earnings history and earnings-related data on Viad Corp. (VVI) click here.